BNA INSIGHTS: Industry Effects of the President’s FY 2011 Business Tax Proposals

The president’s fiscal year 2011 budget proposes $443 billion of tax increases on businesses over 2010-20, with a number of proposals aimed at increasing taxes on specific industries…

Senate Clears $13 Billion in Tax Incentives for Job Creation for President’s Signature

The Senate March 17 voted 68-29 to pass $13 billion in tax breaks for hiring new workers, an expansion of incentives for financing construction activity, and…

House Passes Job Creation Bill Granting $17.6 Billion in Tax Incentives for Businesses

The House March 4 voted 217-201 to pass legislation that includes $17.6 billion in tax cuts aimed at encouraging businesses to hire new workers…

Senate Extenders Bill Includes ‘Black Liquor,’ Economic Substance Provisions as Offsets

Senate Finance Committee Chairman Max Baucus (D-Mont.) in a March 1 statement said that legislation (H.R. 4213) to extend $31 billion in expired tax cuts…

ANALYSIS: Tax Administration Without Borders: Navigating the Changing Global Tax Controversy and Risk Management Landscape

Mark Weinberger, Bob Brown, and Deborah Nolan write that tax policy and tax administration are undergoing monumental changes, with more on the horizon…

Obama Administration Proposes to Expand, Reform Tax Credit Program to Better Assist Small Businesses

DURHAM, N.C.—The Obama administration is seeking to expand and reform tax credits aimed at stimulating investment in economically distressed communities, Treasury Secretary Timothy Geithner said Feb. 18.

ANALYSIS: The Wells Fargo Case and Economic Substance: Revisiting the Blueprint for Taxpayer Success

Nancy Bowen of Fulbright & Jaworski LLP follows up on an earlier Viewpoint article she co-authored that analyzed two recent taxpayer victories on economic substance: Consolidated Edison Co. v. United States and…

Senator Grassley to Move Delayed Tax Extenders as Alternative or Amendments to Jobs Bill

Sen. Charles Grassley (R-Iowa) will attempt to move extenders—which Senate Majority Leader Harry Reid (D-Nev.)

Obama Memo Blocks Delinquent Contractors from Receiving New Federal Contracts

President Obama Jan. 20 issued a presidential memorandum that directs the Office of Management and Budget, the Treasury Department, and other federal agencies to take steps to block contractors who are delinquent on their taxes from receiving…